Historic Tongan paʻanga Danish Krone

Tongan paʻanga danish krone history for December 2023. The highest quote for this month is 2.9556 (05/12/2023) and the lowest 2.9569 (11/12/2023). The difference between high and low is -0.04.

TOP DKK average rate for December 2023 is 2.91716, the change between 01/12/2023 and 31/12/2023 is +0.47 %.

01 December 20231 TOP = 2.940 DKK
03 December 20231 TOP = 2.940 DKK
04 December 20231 TOP = 2.940 DKK
05 December 20231 TOP = 2.943 DKK
06 December 20231 TOP = 2.955 DKK
07 December 20231 TOP = 2.932 DKK
08 December 20231 TOP = 2.922 DKK
10 December 20231 TOP = 2.956 DKK
11 December 20231 TOP = 2.922 DKK
12 December 20231 TOP = 2.922 DKK
13 December 20231 TOP = 2.926 DKK
14 December 20231 TOP = 2.914 DKK
15 December 20231 TOP = 2.893 DKK
16 December 20231 TOP = 2.917 DKK
17 December 20231 TOP = 2.917 DKK
18 December 20231 TOP = 2.905 DKK
19 December 20231 TOP = 2.931 DKK
20 December 20231 TOP = 2.869 DKK
21 December 20231 TOP = 2.929 DKK
22 December 20231 TOP = 2.906 DKK
24 December 20231 TOP = 2.904 DKK
26 December 20231 TOP = 2.920 DKK
27 December 20231 TOP = 2.863 DKK
28 December 20231 TOP = 2.839 DKK
29 December 20231 TOP = 2.926 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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